Kuwait KMEFIC registered as market maker on Acico, Tamdeen

The market maker shall start performing its activity as January 5

  

Kuwait - Boursa Kuwait approved to register Kuwait and Middle East Financial Investment (KMEFIC) as a market maker on the securities of Acico Industries and Tamdeen Real Estate Company.

The market maker shall start performing its activity as of Sunday, 5 January, according to a bourse statement on Tuesday.

It is noteworthy to mention that on 26 December, Boursa Kuwait announced its approval to register KMEFIC as a market maker for the securities of First Dubai For Real Estate Development starting 29 December.

By the end of August, KMEFIC, a leading financial services company in the Kuwaiti market, was granted a renewable 3-year market maker licence in the bourse from the Capital Markets Authority (CMA).

The market maker system is a tool offered by Boursa Kuwait to develop the financial market, stimulate liquidity, and regulate institutional performance in the market.

Source: Mubasher

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